KKR Technology Fund to Acquire Majority Stake in Agiloft-March 2024-www.financetom.com

KKR Technology Fund to Acquire Majority Stake in Agiloft

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KKR Technology Fund to Acquire Majority Stake in Agiloft

May 30, 2024 3:33 PM

06:00 PM EDT, 05/30/2024 (MT Newswires) -- KKR (KKR) said Thursday that Next Generation Technology III Fund, a fund managed by the firm, agreed to acquire a majority stake in Agiloft.

FTV Capital and JMI Equity will also invest in Agiloft as part of the deal, according to KKR.

The transaction will support implementing a broad-based employee ownership program at Agiloft, KKR added.

Financial terms of the transaction were not disclosed.

Price: 103.81, Change: -0.02, Percent Change: -0.02

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